Tds deducted @ 20%

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 October 2016 TDS deducted @ 20% on contractor because Contractor not provide PAN at that time and deposit TDS @ 20 % and thereafter provide PAN No. and TDS deducted @ 2% , now my question is that whether contractor can claim TDS amount deducted @ 20% because at filing TDS return not mention PAN No of contractor.

CA SAGAR M. AHUJA

CA SAGAR M. AHUJA (Expert)
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14 October 2016 The Reflection of TDS is possible only if you revise the TDS return in which you didn't mention the PAN of the contractor and in revise return you show the PAN.Otherwise contractor can not get the credit of the same.
Thanks.

Querist : Anonymous

Querist : Anonymous (Querist)

14 October 2016 But sir whether is it mandatory to revise TDS return for TDS deductee., whether i can skip from revise TDS return.

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CA SAGAR M. AHUJA

CA SAGAR M. AHUJA (Expert)
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14 October 2016 For my view this is the only option to reflect the 20% amount contractors 26AS, because if you do not provide the PAN of contractor by filing revise return the system can not show the credit. the credit will be show only valid PAN provided and to provide valid PAN you have to revise the return.
Thanks.

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Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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15 October 2016 If you are deductee than you have to ask your deductor to do correction return for 20% tds which will be shown after tds correction return in your 26AS then after you can claim tds in your income return. and if you file already your income return then after correction tds return you have to do rectification u/s 154 to get or sett off tds amount.

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